Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale July 2011
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
The absorption rate for Las Vegas Valley Area Short Sales appears to be swinging from a neutral market back to a buyer's market as fall approaches. Inventory has DECREASED by -74 units. Under Contract has INCREASED by +41 units. Sold units have DECREASED by -155 units. There are many reasons for the lack of closings in this market and it is outlined in this post. Short Sale Synopsis: Listings 8/15/2011: 6129 Pending 8/15/2011: 8332 Closed July 2011: 813 Short Sales Currently Account for: 46% of All Las Vegas Valley Listings 21% of All Las Vegas Valley Sales Read here for last month's report on Las Vegas Area Short Sales. Most Current Market Report For Short Sales Information About the Short Sale Process for Las Vegas Area Short Sale Buyers & Sellers What Areas Do You Cover for your La...